GEOTRACE TECHNOLOGIES LIMITED

⚰️Wound downliquidation
SC219017 · ltd · incorporated 2001-05-10
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
29/100
Pass
🔔
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What this business does
Primary activity: SIC 06100
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 29/100 (pass), bankability 22/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (75/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 22.3y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 22.3 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
17 officers (1 active, 17 linked, 13 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
141 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
29/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
5
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (73 events)Click to expand
  1. 2022-11-23
    ⚠️
    liquidation-in-administration-move-to-creditors-voluntary-liquidation-scotland-2
    insolvency · AM22(Scot)
  2. 2022-11-23
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · AM10(Scot)
  3. 2022-07-05
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · AM10(Scot)
  4. 2021-12-24
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · AM10(Scot)
  5. 2021-07-02
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · AM10(Scot)
  6. 2020-10-19
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · AM19(Scot)
  7. 2020-09-14
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · AM10(Scot)
  8. 2019-12-30
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · AM10(Scot)
  9. 2019-11-27
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · AM19(Scot)
  10. 2019-07-08
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · AM10(Scot)
  11. 2019-01-15
    📄
    legacy
    liquidation · 2.18B(Scot)
  12. 2018-12-24
    ⚠️
    liquidation-in-administration-vacation-of-office-scotland
    insolvency · 2.30B(Scot)
  13. 2018-12-17
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  14. 2018-11-14
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  15. 2018-09-25
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  16. 2018-07-20
    📄
    legacy
    liquidation · 2.18B(Scot)
  17. 2018-06-28
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  18. 2018-05-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2018-05-08
    ➖
    MITCHELL, Leslie James resigned
    director
  20. 2018-01-22
    📄
    legacy
    liquidation · 2.18B(Scot)
  21. 2017-12-27
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  22. 2017-11-06
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  23. 2017-11-06
    📄
    legacy
    liquidation · 2.18B(Scot)
  24. 2017-10-17
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  25. 2017-07-05
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  26. 2017-06-30
    📄
    legacy
    liquidation · 2.18B(Scot)
  27. 2017-01-24
    🔓
    Charge satisfied #7
  28. 2017-01-24
    🔓
    Charge satisfied #6
  29. 2016-10-27
    ➖
    SCHROM, William Stanley, Mr. resigned
    director
  30. 2011-07-01
    ➖
    PEREZ, Jesse resigned
    director
  31. 2011-07-01
    ➕
    SCHROM, William Stanley, Mr. appointed
    director
  32. 2010-11-29
    🔓
    Charge satisfied #5
  33. 2010-11-29
    🔓
    Charge satisfied #4
  34. 2010-11-26
    🔒
    Charge registered #7
    Lender: Silicon Valley Bank
  35. 2010-11-25
    🔒
    Charge registered #6
    Lender: Silicon Valley Bank
  36. 2009-08-13
    🔓
    Charge satisfied #1
  37. 2009-05-18
    ➕
    MITCHELL, Leslie James appointed
    director
  38. 2009-04-25
    ➖
    PICCHIANI, Ugo Carlos resigned
    director
  39. 2008-09-03
    🔓
    Charge satisfied #3
  40. 2008-09-03
    🔓
    Charge satisfied #2
  41. 2008-08-15
    🔒
    Charge registered #5
    Lender: Steel City Capital Funding Llc
  42. 2008-08-15
    🔒
    Charge registered #4
    Lender: Steel City Capital Funding Llc
  43. 2006-07-10
    ➕
    PD COSEC LIMITED appointed
    corporate-secretary
  44. 2006-07-10
    ➖
    PK COSEC SERVICES LIMITED resigned
    corporate-secretary
  45. 2005-12-01
    ➕
    PEREZ, Jesse appointed
    director
  46. 2005-02-01
    ➖
    HILLS-JONES, Gavin Llewellyn resigned
    director
  47. 2005-02-01
    ➕
    PICCHIANI, Ugo Carlos appointed
    director
  48. 2005-02-01
    ➖
    WAKELING, Peter resigned
    director
  49. 2004-01-27
    ➕
    HILLS-JONES, Gavin Llewellyn appointed
    director
  50. 2004-01-27
    ➖
    PICCHIANI, Ugo Carlos resigned
    director
Showing most recent 50 of 73 events

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2016-09-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-05-24

Company in liquidation
high

Company is actively being wound up. Not a going concern.

19 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2022-11-23: liquidation-in-administration-move-to-creditors-voluntary-liquidation-scotland-2; 2022-11-23: liquidation-in-administration-progress-report-scotland

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
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Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

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Company details

Statusliquidation
Typeltd
Incorporated2001-05-10
Jurisdictionscotland
Primary SIC06100 — SIC 06100

Registered office

Citypoint
65 Haymarket Terrace
Edinburgh
EH12 5HD
Scotland

Filing status

Accounts
Next due: 2016-09-30OVERDUE
Last made up to: 2014-12-31
Confirmation statement
Next due: 2017-05-24OVERDUE
Last: —

Officers (1 active · 16 resigned)

PD COSEC LIMITED→
corporate-secretary · appointed 2006-07-10
View their other companies + combined net worth →
Active
LEDINGHAM CHALMERS→
corporate-nominee-secretary · appointed 2001-05-10 · resigned 2002-04-04
Resigned
PK COSEC SERVICES LIMITED→
corporate-secretary · appointed 2002-04-04 · resigned 2006-07-10
Resigned
HENDERSON, Jeremy Neil→
director · ~79y · appointed 2001-06-07 · resigned 2002-04-04
Resigned
HILLS-JONES, Gavin Llewellyn→
director · ~78y · appointed 2004-01-27 · resigned 2005-02-01
Resigned
MAKIN, John→
director · ~76y · appointed 2001-06-05 · resigned 2002-04-04
Resigned
MITCHELL, Leslie James→
director · ~75y · appointed 2009-05-18 · resigned 2018-05-08
Resigned
NORTHMORE, Peter Colin→
director · ~70y · appointed 2001-06-05 · resigned 2002-04-04
Resigned
PEREZ, Jesse→
director · ~70y · appointed 2005-12-01 · resigned 2011-07-01
Resigned
PICCHIANI, Ugo Carlos→
director · ~88y · appointed 2005-02-01 · resigned 2009-04-25
Resigned
PICCHIANI, Ugo Carlos→
director · ~88y · appointed 2002-04-04 · resigned 2004-01-27
Resigned
RATCLIFF, Kenneth Maurice→
director · ~76y · appointed 2001-06-05 · resigned 2002-04-04
Resigned
REYNOLDS, Stuart Ian→
director · ~70y · appointed 2001-06-11 · resigned 2002-04-04
Resigned
SCHROM, William Stanley, Mr.→
director · ~69y · appointed 2011-07-01 · resigned 2016-10-27
Resigned
TAYLOR, Peter James→
director · ~87y · appointed 2001-06-05 · resigned 2002-04-04
Resigned
WAKELING, Peter→
director · ~75y · appointed 2004-01-27 · resigned 2005-02-01
Resigned
DURANO LIMITED→
corporate-nominee-director · appointed 2001-05-10 · resigned 2001-06-05
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
Silicon Valley Bank
Debenture1 property26/11/201024/01/2017
satisfied
Silicon Valley Bank
Bond & floating charge1 property25/11/201024/01/2017
satisfied
Steel City Capital Funding
Steel City Capital Funding Llc
Debenture1 property15/08/200829/11/2010
satisfied
Steel City Capital Funding
Steel City Capital Funding Llc
Bond & floating charge1 property15/08/200829/11/2010
satisfied
Allied Capital Corporation and Another
Floating charge1 property23/12/200303/09/2008
satisfied
Thomas D Reed and Another
Floating charge1 property23/12/200303/09/2008
satisfied
Comercia Bank
Debenture1 property23/12/200313/08/2009

Recent filings (141 total)

liquidation-in-administration-move-to-creditors-voluntary-liquidation-scotland-2
insolvency · AM22(Scot)
2022-11-23
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2022-11-23
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2022-07-05
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2021-12-24
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2021-07-02
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2020-10-19
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2020-09-14
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2019-12-30
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2019-11-27
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2019-07-08
legacy
liquidation · 2.18B(Scot)
2019-01-15
liquidation-in-administration-vacation-of-office-scotland
insolvency · 2.30B(Scot)
2018-12-24
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2018-12-17
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2018-11-14
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2018-09-25